For today's forecast, we recommend a Sell Order at this recommended market price - 1.6235. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in long positions on EURAUD. As a result, we recommend considering only Short trades at this time.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.